This initiative leverages LayerZero’s top-tier cross-chain bridging technology. This will allow Tether’s USDT to seamlessly operate across multiple blockchains.
With the launch of USDT0, Tether is doubling down on its commitment to expanding the reach and use of USDT.
USDT0: Breaking Down Barriers for Seamless Cross-Chain Transfers
This new cross-chain technology will allow USDT to scale across many more blockchains, offering greater interoperability in the crypto ecosystem. By using LayerZero’s best-in-class technology, USDT0 aims to break down the barriers between different blockchain networks. This will enable users to easily move their funds across chains with little hassle.
Despite these exciting advancements, this new launch will always maintain its crucial 1:1 backing with USDT on Ethereum. This expansion makes it easier than ever for users to access and transfer USDT across multiple ecosystems without the usual friction.
Introducing USDT0. @Tether_to has completely reshaped global economies and in just over a decade has become the single largest stable asset in the world at almost $140B. It fulfilled crypto’s original promise of banking the unbanked and providing critical financial… pic.twitter.com/36oZJd6F3Q
— USDT0 (@USDT0_to) January 16, 2025
Paolo Ardoino, CEO of Tether, emphasized the importance of USDT0 in improving the movement of USDT across various blockchain ecosystems. “USDT0 introduces a much-needed solution for seamless USDT movement across ecosystems,” Ardoino said. “By improving interoperability and reducing friction, it enhances the user experience in ways that align with the broader vision of Tether.”
More About Tether
The T3 Financial Crime Unit (T3 FCU) is a joint effort between Tether, TRON, and TRM Labs. It has made significant strides in combating cryptocurrency-related financial crime by freezing over $100 million in criminal assets globally. As Justin Sun, founder of the TRON blockchain, stated, “Criminals now have 100 million reasons to think twice before using TRON.” With the rapid success of the unit in freezing assets, it sends a clear message: criminals using USDT on TRON for illicit activities will be caught.
T3 Financial Crime Unit Marks Enforcement Victory: $100 Million in Criminal Assets Frozen Across Five Continents
Read more: https://t.co/HReVLYRfxz— Tether (@Tether_to) January 2, 2025
The T3 FCU has already analyzed millions of transactions across five continents, monitoring over $3 billion in USDT, providing real-time, cross-border support to law enforcement agencies in the fight against financial crime.
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